The Power of the Market

The Power of the Market

Release date : January 1, 1990
Runtime : 48m
Countries of origin :
Original Language :
Writers :
Production companies :
January 1, 1990 48m Documentary More
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Dr. Friedman states, "There is not a single person in the world who can make this pencil." He explains that the creation of even a simple object - like the "lead" pencil - requires the knowledge of many people, lumberjacks, steel manufacturers, miners, etc. These people may not speak the same language, they may not know or like one another, yet the market enables them to combine knowledge and effort to produce wealth.
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  • title:The Power of the Market
  • status:Released
  • Release date: 1990
  • Runtime:48m
  • Genres: Documentary ·
  • Countries of origin:
  • Original Language:
  • Director: Bob Chitester / Eben Wilson / Graham Massey /
  • Writers:
  • Production companies:
  • Overview:Dr. Friedman states, "There is not a single person in the world who can make this pencil." He explains that the creation of even a simple object - like the "lead" pencil - requires the knowledge of many people, lumberjacks, steel manufacturers, miners, etc. These people may not speak the same language, they may not know or like one another, yet the market enables them to combine knowledge and effort to produce wealth.
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